SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and Re-investment Announcement for October 2014 and Salient Dates for November 2014 - STXRAF

Distribution and Re-investment Announcement for October 2014 and Salient Dates for November 2014 - STXRAF

SATRIX RAFI 40
JSE code: STXRAF
ISIN: ZAE000126033

A portfolio in the Satrix Collective Investment Scheme (“Satrix”),
registered as such in terms of the Collective Investment Schemes Control
Act, 45 of 2002.

DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR OCTOBER 2014 AND SALIENT
DATES FOR NOVEMBER 2014

Investors are advised that the Manager and Trustee of Satrix (being
Satrix Managers (RF) Proprietary Limited and Standard Chartered Bank,
respectively) have declared a distribution to holders of Satrix RAFI 40
securities recorded in the register on Friday, 31 October 2014 in respect
of the month of October 2014 as follows:

An aggregate amount of 3.69 cents (R 0.0369) per Satrix RAFI 40 security
constituted as follows:

      Net Local dividend per security (1)      2.29924
      Dividend withholding tax on local        0.39956
      dividend (15%)
      Net Foreign dividend per security (2)    0.50870
      Dividend withholding tax on foreign      0.08977
      dividend (15%)
      Foreign Dividend (0% SA Tax) (3)         0.35317
      Interest                                 0.03956
      TOTAL DISTRIBUTION                       3.69000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)      2.69880
      Gross STC credits                       -0.03504
                                               2.66376


      Dividend withholding tax (15% on        -0.39956
      taxable dividend)

      Gross dividend (cents per security)      2.69880
      Dividend withholding tax (15% on        -0.39956
      taxable dividend)
      Net dividend per security                2.29924

  2   NET FOREIGN DIVIDEND (Foreign-dual
      listed shares)
      Gross dividend (cents per security)      0.59847
      Dividend withholding tax (15% on        -0.08977
      taxable dividend)
      Net dividend per security                0.50870
     3 NET FOREIGN DIVIDEND NOT TAXED (S64N
       rebate)
       Gross dividend (cents per security)       0.66673
       Foreign Dividends withholding tax        -0.23335
       (20%)
       Gross Dividend received by portfolio      0.43337
       Less portfolio costs                     -0.08020
       Distributable dividend                    0.35317


       SA Dividend withholding tax
       Gross dividend                            0.66673
       Less portfolio costs                     -0.08020
                                                 0.58653
       SA DWT                                    0.08798


       SA tax 0.08798 cents (15%) will not
       be deducted as foreign dividend
       withholding tax has already been
       deducted (SECTION 64N).


The dividend tax deducted will be paid as follows:

1.    To the South African Revenue Service in respect of holders that are
      not exempt from dividends tax;
2.    Holders that are exempt from dividends tax or holders qualifying for
      a reduced rate per Double Tax Agreement (“DTA”) will receive the
      appropriate dividend from their intermediary provided they have
      completed and lodged the relevant exemption or reduced rate
      prescribed application form timeously with their service provider.
      The responsibility to make such submissions is that of the security
      holder and failure to do so may result in dividends tax being
      deducted in full.

The payment will be made by the relevant intermediary, being the Central
Securities Depository Participant (“CSDP”) or Broker nominee company
which is the final regulated intermediary in terms of the Income Tax Act.

Payment will be made in respect of holders recorded in the register on
Friday, 31 October 2014 (the “record date”) and be effected on 14
November 2014.

In accordance with the investment policy of Satrix RAFI 40 the
distribution (excluding the dividends tax as detailed above) will be re-
invested on behalf of investors through the purchase of securities
comprising the FTSE/JSE RAFI 40 Index in accordance with the calculation
methodology of the total return version of this Index, thereby increasing
the net asset value of Satrix RAFI 40 and, proportionately, each Satrix
RAFI 40 security.

The distribution (excluding the dividend tax as detailed above) will:

-      where Satrix RAFI 40 securities are held on capital account be added
       to the base cost of each Satrix RAFI 40 security for capital gains
       tax purposes; or
-    where Satrix RAFI 40 securities are held as trading stock be
     regarded as part of the cost of acquiring a Satrix RAFI 40 security.

SALIENT DATES FOR NOVEMBER 2014:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of November 2014
by the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:            Friday, 21   November   2014
Securities trade “ex” distribution:              Monday, 24   November   2014
Record date:                                     Friday, 28   November   2014
Announcement of distribution amount              Tuesday, 2   December   2014
for November 2014, together with
salient dates for December 2014 by:

Sandton

7 November 2014

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (RF) Proprietary Limited

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